Carlou steps down as CEO of Patria Re

Ingrid Carlou, the CEO of Patria Re, has left the reinsurer with immediate effect, Intelligent Insurer can reveal.

Though the reason for Carlou’s departure is not known, an email seen by this publication confirms she has already left the business. Both the company and Carlou had not responded for requests for clarification by the time of publication.

Carlou had been at the helm of the Mexico-based reinsurer since 2005 and CEO since 2012. Prior to that, she was a client manager with Converium, a customer solutions manager with AXA Asia and also worked at AXA Corporate Solutions.

During her time at the helm she expanded the scope of the reinsurer beyond Latin America to give it a much more international profile. This included the formation of a special purpose syndicate (SPS) at Lloyd’s, which was done in conjunction with Ironshore’s Pembroke Managing Agency.

With the formation of Patria Re SPS 6125, the reinsurer became the first Mexican insurer to drive Latin American specialty business lines to the Lloyd’s market.

In July, Ironshore International’s Pembroke Managing Agency, added a number of treaty property leaders to the Patria Re underwriting team including Nicolas Benardout, most recently head of Property Treaty and part of the original team that established Berkley Re UK.

She also oversaw the upgrade of Patria Re’s financial strength rating by AM Best to ‘A’ from ‘A-’.

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